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Oil, Gas Production Exceeds Target, Minister Says

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Editor

1 January 2017 13:18 WIB

Energy and Mineral Resources Minister Ignatius Jonan. TEMPO/Ghoida Rahmah

TEMPO.CO, Jakarta - Energy and Mineral Resources Ministry announced that the production and lifting of oil and natural gas in 2016 reaches 114 percent.

In 2016, the average production of oil reached 831,000 barrel per day, while the production of natural is equivalent to 1,418 barrels of oil per day.

“The total production of oil and gas is equivalent to 2,249 barrels per day or 114 percent from the target set in the 2016 revised State Budget. The target set was equivalent to 1,970 barrels of oil per day,” said Energy Minister Ignasius Jonan in a written statement on Sunday (1/1).

“My appreciation for those who have worked hard,” Jonan added.

The production and lifting of oil and gas that exceeded the target, Jonan said, happened amidst the low global oil price.

LARISSA HUDA


Oil and gas


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